Target RM2.64

Now 2.50

FY09-10 earnings upgrade. We are upgrading our FY09-10 earnings forecasts by 17- 38% to take into account of the better performance of Hartalega. Maintain Buy. Our target price is revised upwards to RM2.64 (previously RM2.25) based on a PER of 8x FY10 earnings. Besides having a market leadership in nitrile gloves in Malaysia, we understand that Hartalega also has the most advanced glove manufacturing technology among its peers. Having said that, the risks to our view include: 1) fluctuating nitrile latex prices, since nitrile latex makes up about 50% of its total production cost; 2) uncertainty in crude oil price direction, causing uncertainty in raw material prices, 3) weakening of US$, since the bulk of its sales are exported, and 4) high reliance on 2 major customers, Medline and Microflex, which make up more than 50% of total sales.


source... http://bursastreet.blogspot.com/search/label/HARTALEGA

Done 2.79.

My investment value is about double!

Currency is not a big deal. The more important is the production efficiency & utilisation!

Going forward, it expects to add another 10 lines capable of contributing 2.2bn pieces of gloves p.a (with an assumed utilisation rate of 70%). These lines would be housed in its new Plant 5.

refer http://bursastreet.blogspot.com/search/label/HARTALEGA

I expect this stock able to break 3.00 soon!

yes

Topgolve want Harta

http://stockmarket.tailou.com/viewtopic.ph...7477179b4af901b

Offer 3.00....but now already 3.64

Maybe offer top up to 4.00 due to swine flu!

Harta new TP
RM10